BOJ said to see little need to hike key rate next week
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Bank of Japan (BOJ) officials see little need to raise the benchmark rate at 0.25% during the meeting on Sept 20, 2024; they are monitoring financial market volatility and the impact of the July rate hike; the Nikkei 225 experienced its largest plunge in history on Aug 5, 2024; most economists expect the BOJ to wait until December or January for another rate hike; second-quarter economic growth was slightly slower than initially estimated but remains strong; Deputy governor Shinichi Uchida stated rates won't rise during market instability; the ruling Liberal Democratic Party's leadership election on Sept 27, 2024, may influence future monetary policy; BOJ officials are also observing potential weaknesses in the US economy; the BOJ's policy board meeting coincides with expected US Federal Reserve interest rate cuts.
#Boj #InterestRates #MonetaryPolicy #Japan #Economy #FinancialMarkets #Nikkei225 #UsEconomy #Politics #Inflation
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